Category Archives: Loans

” Comedian Louis C.K., Activist Peter Joseph, and Euro Co-Architect Bernard Lietaer break down and expose the big bad joke that is The Federal Reserve, with help from the self-incriminating former Federal Reserve Chairman Alan Greenspan and former Federal Reserve Vice Chairman Donald Kohn.

“Our potential as humans is infinite– let us not limit ourselves through the medium of exchange. It’s time to wake up.” – Bernard Lietaer

For more information about Mutual Credit Systems, we recommend strongly the book “The End of Money and The Future of Civilization” by Thomas H. Greco Jr. Also, there is some good information at his website: http://www.reinventingmoney.com/ “

Like this:

” What is Fiat money, how does it relate to the federal reserve, and more importantly, how does it affect YOU?. These questions and more are answered in this short clip.

Despite every effort by governments, the gap between rich and poor continues to grow. It is now the biggest it has even been in history. All sorts of reasons for this have been proffered, but few, however, seem to realize that is a simple, inevitable consequence of our system of money and credit. “

” This story was written by me, Larry Hannigan in 1971 – The sole purpose was to explain the simple maths of reality and the current Banking System – that is – 100 plus NOTHING does NOT equal 105 – and that charging interest on something that is created out of nothing, makes it impossible to repay, giving great power to those who do create money out of nothing – ie the Banks.

Money is NOT a commodity, it is a system of debit-credit bookkeeping – nothing more.

This story was placed on the Internet to be used as an educational tool only. Many people have taken my story, translated it into other languages and placed it on the Internet, where it has been very helpful.

Sadly, some people have taken my story and claimed it as their own with no acknowledgment to me. Not only that, they have changed my story to suit their own personal philosophy, by leaving some sections out and adding in extra parts about conspiracies (true or false), or so called ancient wisdoms, mysteries, and religions etc. By doing this, these people are actually helping the enemy.

How ?

Sooner or later, the words of Lord Acton will materialise – he said – “… the issue which has swept down the centuries and will have to be fought sooner or later is THE PEOPLE VERSUS THE BANKS.”

That battle is getting closer every day in every language. Please do not give the enemy anything that can be used to divide and distract THE PEOPLE with side issues away from the real issue that 100 + 0 does not = 105.“

THE OLYMPICS WILL BENEFIT LOCAL BUSINESS.When the Athlete’s Village is turned into homes it will become part of the Stratford City development, now wholly owned by Westfield (after they bought out the other shareholders). Residents can look forward to having their environment controlled at the whim of a corporation whose reason for being is to sell stuff. Local business doesn’t really stand a chance in the long run.

THE OLYMPICS WILL CREATE MORE HOUSING. Yes, if you can afford them! The rest of the site is being given over to homes is being developed by the Mayoral Development Company, Olympic Park Legacy Company. They promise 11,000 new homes, and 35% of them will be affordable. Only 675 of them will be social housing though, so if you’re on the list in Newham get ready to wait. The average wait is around 10 years. Previous Olympic cities, like Barcelona, Sydney and Seoul, have seen huge rises in property prices, forcing local families out of their neighbourhoods. This is already happening in Londonand thanks to confidentially agreements with the London Organising Committee of the Olympics and Paralympic Games (LOCOG) you won’t hear about it in the media.

THE OLYMPICS WILL CREATE MORE PUBLIC TRANSPORT. Well, not quite. Huge swathes of London roads will become dedicated ‘VIP lanes’ during the Games. Thousands will struggle to get to work for the whole 10 weeks. There has been little word on how much the public will have to be in fare increases in future years. The DLR extension is finished but the new (old) platforms at Stratford International have been rebuilt out of wood. The cable car (officially the Emirates Air Line) that goes from not-quite-the-o2 to not-quite-the-ExCeL centre might be finished by the time the games happen. Nobody wants to say if it’ll be ready or not. But at least it’s only costing the taxpayer £24million in exchange for Emirates to get their logo on tube maps for the next decade

THE OLYMPICS WILL MAKE THE CITY A SAFER PLACE TO BE. Well, yes, they are sending in the army and putting missiles on tops of peoples homes, then forgetting to guard them. You’ll be monitored the whole time by hundreds of security personnel, CTV and flying drones developed for use in Afghanistan. Stratford is set to be the guinea pig for yet more oppressive surveillance tactics. Studies show that CCTV does little to reduce crime, but a lot to create a climate of fear. The police also have a new temporary police station built on Wanstead Flats. Although planning permission was only sought for a temporary structure, its been constructed as a permanent building – stealing a large chunk of public green space enjoyed by local residents for centuries.

THE OLYMPICS WILL BE THE GREENEST GAMES EVER. Not quite. The Olympic Park is built on a former landfill site. Excavations have disturbed buried toxic chemicals, spreading them into the land. Radioactive thorium from an old watch factory has also seeped into the water table. DOW Chemical, the company that bought Union Carbide (responsible for the as yet to be cleaned up Bhopal disaster) are major sponsors. Plus BP is the Olympics official sustainability partner. Their involvement in the Tar Sands is a glowing indicator of their lack of commitment to ecological sustainability and social justice.

THE OLYMPICS IS AN INVESTMENT IN LONDON’S FUTURE. We’ll it is quite an investment. £9.3bn, according to the Olympics Quarterly Economic Report in May 2011. The original estimate in 2005? £2.4bn according to the Labour government. The most recent figure doesn’t include costs associated with the acquisition of land, remediation, government departments and quango spending. 10% of the cost for the Olympics will come from Londoner’s taxes and 67% from national taxes.

THE OLYMPICS WILL PROMOTE DEMOCRACY AND FREEDOM OF SPEECH. We’ll it will certainly be promoting many things through its corporate sponsorship deals. LOCOG are interested in protecting their benevolent sponsors but seem to have little interest in anyone else’s freedom of speech or expression, even handing out ASBO’s to anyone opposing the games. Their crack team of branding Police will be enforcing laws expecially drawn up for the olympics which are far more stringent than any other copywrite law. With everything from an “Official chocolate bar of the Olympic Games” through to banning anyone using the words “olympics’, “2012”, “Summer Games” “Twenty Twelve” and many more, the games is more than anything an experiment in extending corporate control of social life.

THE OLYMPICS WILL INSPIRE A NEW GENERATION. It will but the International Olympics Committee isn’t only interested in inspiring future athletes. It’s going for the gold and hoping to inspire as many people as possible to buy more stuff. It’s not quite clear what kind of future taxpayers are being asked to invest in. It seems to be one that favours a particular London vista – Pall Mall, oppression, privatization and the erosion of public space.

We’re not opposed to the sports events, and we’re all in favour of having a big party – but only if everyone’s invited.

” George Orwell wrote that, “The great enemy of clear language is insincerity. When there is a gap between one’s real and one’s declared aims, one turns as it were instinctively to long words and exhausted idioms, like a cuttlefish spurting out ink.”

You have probably heard confusing phrases like the trade deficit, the falling dollar, the national debt, unfunded liabilities and so on, which all sound vague and actuarial and vaguely – well, “not me.”

The reality behind these accounting phrases is perfectly monstrous.

When someone — a foreigner, say — loans money to the American government, what are they getting in return?

Well, they are getting promises of interest payments, and eventual repayment of the principal.

Where does your government get this money?

The government is not a business; it does not generate profits in the free market, so where does it get the money to repay its creditors?

Do you see where this is going?

Are you beginning to understand that it is not dollars that are being sold, or bonds, or agency debt, or treasuries, or anything like that.

Where is your government going to get the money to pay off its creditors?

It is not pieces of paper or contracts or computer bits that are being sold.

There is only one thing that the government has to sell.

Governments have only one asset that they can use as collateral.

Your leaders are selling you.

When China lends $800 billion to your government, what they get in return is a guarantee that $10,000 dollars — plus interest — will be taken from your family at gunpoint and shipped overseas.

When a farmer gets a loan from a bank, he uses his livestock as collateral. It is the milk and meat his cows will produce in the future that he will use to pay off his loan.

The bank is buying a share in his cows.

You are the livestock your leaders use as collateral.

The people that you cheer for and throw parades for and drop balloons behind and donate money to are selling you to Chinese rulers, to the Japanese, to the Nigerians, to South American drug lords with accounts in the Caribbean banking centers, to Russia, to Korea, to Egypt, to Colombia, to Chile, to the Philippines, to Malaysia — and anyone else who is willing to give them a few dollars in return for the blood, sweat and toil of your future.

The flag that you praise and the anthems that you sing and the rulers that you weep and kneel before have as much loyalty to you as a plantation owner had to his slaves.

And sadly, plantation slaves had more pride than we do.

Plantation slaves did not generally praise their masters for selling them off, for auctioning off the lives, hopes, dreams and futures of their own little children.

We can understand that cattle may lick the hand of the farmer who lowers an axe to its neck, because cattle are dumb beast that cannot comprehend their real relationship with the farmer, and his imminent plans for them.

What is our excuse?

When we chant “USA” “USA” “USA,” when we cheer and bow and beg and scrape and sing and weep with joy that some new farmer now presides over the wholesale dismantling and sale of our family’s future, when we love with obsessive emptiness the leaders who laugh while they auction us off to every tin pot dictator and stockbroker the world over, what is our excuse?

Has our pride been so broken that we lunge with pathetic joy at every new silver tongued demagogue who pretends to care for us, even a tiny little bit?

In the future, our children will ask why we knelt and cheered as they were sold on the auctioneer’s block.